Itinerant news anchor and malcontent Keith Olbermann is suing Current TV, which fired him late last week, for violating his contract and torpedoing his show, to the tune of $70 million in damages and unpaid compensation.

Olbermann says that the inept "Al Gore, Joel Hyatt and the management of Current are no more than dilettantes portraying entertainment industry executives."

Just days after he was suspended by MSNBC for contributing to a trio of political campaigns without first seeking permission, Keith Olbermann has been re-instated by Phil Griffin, the network president who has feuded with the anchor for years.